2017 ABA Deposit Account Fraud Survey

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With financial fraud on the rise, where does your bank stand in terms of losses, security, and other pressing issues—especially when challenged by the fraud potential of ID theft, account takeover, and technology-based delivery systems such as RDC and mobile apps?

The 2017 ABA Deposit Account Fraud Surveycollects baseline information on check, debit card, and electronic payment fraud losses, and the actions taken by banks to reduce these losses. The survey examines the leading threats against deposit accounts, current and projected fraud losses, and other fraud-related topics both by overall industry trends and by bank asset size. Among its findings:

Fraud against bank deposit accounts cost the industry approximately $2.2 billion in losses in 2016, according to ABA estimates.

Debit card fraud—signature, PIN, and ATM combined—accounted for 58 percent of industry losses, followed by check fraud at 35 percent. The remaining 7 percent of loss were attributable to online banking/electronic transactions such as wire and ACH.

Looking ahead, signature debit fraud remains the top threat for community, mid-sized, and regional banks in the next 12 months. Large banks see elevated fraud risk associated with the ATMs, checks, and bank call centers.

Note: This publication is for the purchaser's personal use and is not intended to be shared enterprise wide. For further questions, please contact ABA at Benchmarking@aba.com.